YUE DA INTL's subsidiary signs a factoring agreement with New Cooperation Grain
YUE DA INTL announced that its wholly-owned subsidiary YUE DA Commercial Factoring has signed a factoring agreement with New Cooperative Grain. The agreement includes providing accounts receivable financing, management, and collection services, granting a revolving credit limit of RMB 50 million, with an annual interest rate and management fee of 8% to 9%. The agreement will take effect from September 8, 2025, and will expire on September 7, 2026
According to the announcement from YUE DA INTL (00629), on September 8, 2025, the company's indirect wholly-owned subsidiary, YUE DA Commercial Factoring, entered into a factoring agreement with New Cooperative Grain. Under the factoring agreement, YUE DA Commercial Factoring agrees to provide accounts receivable financing, accounts receivable management services, and accounts receivable collection services to New Cooperative Grain, and grants a revolving credit limit of RMB 50 million, with an annual interest rate and factoring management fee totaling 8% to 9%, effective from September 8, 2025, and expiring on September 7, 2026
